EContent Financial Glossary

What is it? A EU funded program outside of the Framework Program

Finance Term Definition Added By: Jasmine

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Other Similar Finance Terms:

Financial Term public records is The records maintained by a filing authority that record the ownership and/or security interests held in property. Under Article 9 of the Uniform Commercial Code (UCC), creditors can perfect interests in a debtors personal property by recording a lien in the public records. Some states require such UCC filings to be made in a central, state-wide location. Other states require UCC filings to be made in public records maintained locally in each county. Both ownership and liens in real property are usually recorded in public records maintained by each county.

Financial Term Purchase agreement is Same or similar to contract to purchase. See also contract to purchase under mortgage.

Financial Term Market Order is When an investor instructs his/her broker to buy or sell an asset at the price prevailing in the market. In such a case, the investor, unlike the case of the limit order, does not put any restrictions on price.

Financial Term Commitment is An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to compliance with stated conditions.

Financial Term Postal Account is An account where any withdrawals or investments are made via the post. The bank or building society normally supply pre-paid envelopes for this and some may offer additional facilities to enable instructions to be given via the telephone or fax.